PRIME RETAIL INVESTMENTS WITH FUTURE DEVELOPMENT UPSIDE
760-764 Riversdale Road, Camberwell VIC 3124
EOI 18/04/24
RetailSize: n/a
Block size: 920 m² approx.
GormanKelly is pleased to present for sale 760, 762 and 764 Riversdale Road for sale via Expressions of Interest closing Thursday 18th April 2024 at 2pm. These properties are available individually or combined.
760 RIVERSDALE
Two level retail freehold with first floor office
GROUND floor area of 130sq*
Returning $38,192.40 net per annum + GST
LEVEL 1 floor area of 113sqm*
Vacant possession
Potential rental of $27,000 net per annum + GST
762 RIVERSDALE
Single level retail premises of 139sqm*
Returning $44,801.88 net per annum + GST
764 RIVERSDALE
Single level retail premises of 119sqm*
Returning $41,199.96 net per annum + GST
Overall summary features:
Combined Commercial 1 landholding of 920sqm*
Substantial holding income of $124,194.24 net per annum plus the potential for an additional $27,000
High exposure with 16.75m* frontage to Riversdale Road, offering future 11 metre height development potential (STCA).
Premium Inner East location
Fully leased except Level 1 at 760 Riversdale Road
Well-connected by public transport, with the #70 tram on Riversdale Road and 800m from Riversdale Train Station
Surrounded by various established businesses including Woolworths, Coles Supermarkets, Petbarn, Liquorland, Cartridge World, Reece Plumbing, Australia Post and many more.
Excellent Council & Woolworths car park bordering the property
Each property represents an excellent investment opportunity with further potential or one can acquire all three and secure an exciting landbank opportunity with a steady income in the meantime
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
NICK BREHENY
+61 411 601 730
nbreheny@gormankelly.com.au
RICHARD MUNDAY
+61 408 407 603
rmunday@gormankelly.com.au
760 RIVERSDALE
Two level retail freehold with first floor office
GROUND floor area of 130sq*
Returning $38,192.40 net per annum + GST
LEVEL 1 floor area of 113sqm*
Vacant possession
Potential rental of $27,000 net per annum + GST
762 RIVERSDALE
Single level retail premises of 139sqm*
Returning $44,801.88 net per annum + GST
764 RIVERSDALE
Single level retail premises of 119sqm*
Returning $41,199.96 net per annum + GST
Overall summary features:
Combined Commercial 1 landholding of 920sqm*
Substantial holding income of $124,194.24 net per annum plus the potential for an additional $27,000
High exposure with 16.75m* frontage to Riversdale Road, offering future 11 metre height development potential (STCA).
Premium Inner East location
Fully leased except Level 1 at 760 Riversdale Road
Well-connected by public transport, with the #70 tram on Riversdale Road and 800m from Riversdale Train Station
Surrounded by various established businesses including Woolworths, Coles Supermarkets, Petbarn, Liquorland, Cartridge World, Reece Plumbing, Australia Post and many more.
Excellent Council & Woolworths car park bordering the property
Each property represents an excellent investment opportunity with further potential or one can acquire all three and secure an exciting landbank opportunity with a steady income in the meantime
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
NICK BREHENY
+61 411 601 730
nbreheny@gormankelly.com.au
RICHARD MUNDAY
+61 408 407 603
rmunday@gormankelly.com.au
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nick Breheny to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
920 m²*
Other Details
Lot:
1
Plan:
TP531198
Legal description:
1\TP531198
Maps and area information
Block information
Block size: 920m² (approx)
Legal description: 1\TP531198
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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SummaryMedian sales
Average Age
45 years
Population
21,965
Listing ID: 182371085. This listing has been viewed 2 times. It was first displayed on 13/03/2024 and last updated on 05/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.